KUALA LUMPUR, Aug 24 (Bernama) -- PETRONAS Dagangan Berhad (PDB) today reported its first-half financial year 2026 (1H FY2026) performance, which was delivered amid sustained supply and pricing disruptions arising from the West Asia conflict. Throughout the period, PDB remained focused on maintaining reliable fuel supply nationwide, demonstrating resilience through disciplined operations and effective supply management. First-half profit after tax increased 19% to RM685.4 million from RM574.0 million a year earlier.
Key Financial Highlights for Q2 2026
• Revenue for the quarter stood at RM16,091.1 million, reflecting higher average selling prices against the corresponding quarter last year (Q2 2025).
• Sales volume increased 1% versus Q2 2025, supported by continued Mogas demand growth and the Government’s BUDI Madani RON95 (BUDI95) subsidy programme enabled by the Setel app.
• PAT was RM394.0 million, an increase of 44% from RM272.9 million in Q2 2025, reflecting improved Commercial performance and a rebound from price lag impacts recorded in the previous quarter.
Navigating Supply and Market Volatility
The West Asia conflict continued to create significant volatility across global energy markets during the quarter, affecting MOPS benchmark pricing, supply costs, logistics, working capital and subsidy recovery timing. Against this backdrop, PDB remained focused on managing its supply requirements and maintaining operational reliability across its nationwide network. Through close coordination across the PETRONAS Group and its supply chain, PDB was able to respond to changing market conditions while continuing to serve the needs of its customers.
The integrated nature of PETRONAS’ value chain provided PDB with greater flexibility in managing supply and logistics requirements during the period, enabling the Company to navigate disruptions while maintaining continuity of fuel availability nationwide.
Safeguarding Fuel Supply
Throughout the period of heightened market volatility, PDB’s priority remained on ensuring reliable fuel supply across its network.
The Company worked closely with the wider PETRONAS Group and relevant stakeholders to manage supply requirements and respond to evolving market conditions. These efforts helped maintain stable and continuous fuel availability nationwide despite significant regional supply and market volatility.
At the same time, PDB continued to exercise financial and operational discipline, balancing supply reliability, cost management and the needs of its customers.
Business Segment Performance
Across PDB’s business segments, Retail margins remained under pressure amid intense market competition and volatility in MOPS and premium movements. Nevertheless, this was partially mitigated by PDB’s robust supply chain and logistics network, which ensured uninterrupted fuel availability nationwide. In parallel, PDB continued preparations for the BUDI Diesel programme, supporting the Government’s efforts to implement more targeted subsidies, minimise leakages, strengthen supply sustainability and enhance fiscal responsibility.
Commercial delivered stronger performance, supported by higher diesel volumes following improved contract terms and disciplined pricing, despite softer aviation volumes arising from reduced flight frequencies. PDB’s balanced portfolio across both Retail and Commercial segments enabled the Company to weather market challenges more effectively, with the stronger Commercial performance helping to offset margin pressures in Retail and underpin overall earnings resilience.
Convenience recorded steady growth, led by improved C-Biz partner income and stronger PETRONAS Shop merchandise sales.
New Updates and Promotions in Q2 2026
• Blueshark & PETRONAS MotoExpert Partnership – PETRONAS Lubricants Marketing (Malaysia) and Blueshark Malaysia signed an MoU to expand EV motorcycle aftersales access via PETRONAS MotoExpert outlets.
• Setel Bill Payment Launch – Setel expanded its ecosystem with the launch of ‘Bill Payment’, a feature that allows users to pay essential bills to more than 25 billers, to drive non-fuel digital adoption.
• UCO Collection Programme Milestone – PDB's nationwide Used Cooking Oil collection network expanded to over 100 stations, with cumulative collection of 1.6 million kg, supporting feedstock for Sustainable Aviation Fuel production.
Market Outlook
Moving into Q3, PDB remains cautious as the West Asia conflict remains unresolved, and market conditions are expected to stay volatile. Although Brent prices eased to an average of USD85.47 per barrel in June following a U.S.–Iran memorandum of understanding, supply conditions remain uncertain. PDB will continue to reinforce supply planning, inventory management and procurement discipline, while preparing potentially higher import requirements to support reliable nationwide supply and manage cost pressures.
CEO Statement
Commenting on the results, PDB Managing Director and Chief Executive Officer, Azrul Osman Rani, said the company’s performance reflects disciplined execution while reinforcing its responsibility to safeguard reliable fuel supply for Malaysia.
“Our Q2 performance reflects the resilience of our integrated supply chain and the commitment of our teams across the country. As the national fuel retailer, our priority is to ensure continuous and stable fuel supply for Malaysians, particularly during periods of heightened market volatility,” he said.
“Despite pressure across the value chain, PDB remained focused on protecting supply security and supporting the wider economy at a critical time. As we move into the second half, we will continue to balance supply reliability, cost discipline and customer service, while taking a measured approach to navigating market conditions,” he added.
PDB has declared an interim dividend of 25 sen per ordinary share for the quarter ended 30 June 2026.
Issued by
Corporate Communications
PETRONAS Dagangan Berhad
ABOUT PETRONAS DAGANGAN BERHAD
PETRONAS Dagangan Berhad is the principal domestic marketing arm of Petroliam Nasional Berhad (PETRONAS), which holds 63.94 per cent of its equity. Incorporated in Malaysia on 5 August 1982 and listed on the Main Board of Bursa Malaysia on 8 March 1994, PDB has since established itself as Malaysia’s leading retailer and marketer of downstream oil and gas products.
The Company markets a wide range of high-quality petroleum products including motor gasoline, aviation fuel, diesel, kerosene, fuel oil, bunker fuel, lubricants, liquefied natural gas (LNG), liquefied petroleum gas (LPG) and bitumen.
In line with its strategy to grow beyond fuel, the Company has established Mesra Retail & Cafe Sdn Bhd in 2021 to drive its food and beverage (F&B) business and expanded its retail footprint with the PETRONAS Shop, which offers exclusive PETRONAS-branded merchandise and souvenirs.
PDB’s proprietary digital platform, Setel, underpins this ecosystem by driving convenience, efficiency and delivering a seamless, end-to-end customer experience. This digital capability positions the Company to strengthen customer connectivity and enhance value beyond fuel sales.
Since 2015, PDB has been certified as a constituent company member of FTSE4Good Index Series – a testament to the Company’s commitment to strong environmental, social and governance practices measured against globally recognised standards.
SOURCE: PETRONAS Dagangan Berhad (PDB)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dayang Ainul Mardiah Zainal
Tel: 03 – 2331 0236
Email: dayangainul_zainal@petronas.com
Name: Anisa Adnin Mohamad
Tel: 013 – 904 2724
Email: anisaadnin.mohamad@petronas.com
--BERNAMA